Superannuation rules are never stable, and the start of the 2020/21 financial year is no different. For older Australians, recent changes to the contribution rules may present new opportunities to contribute to superannuation. The changes are focussed on individuals aged between 65 and 74 and are designed to provide more flexibility in retirement. So, what…
November 10, 2020
New data shows true cost of running your own super fund
Opinion piece written by John Maroney, CEO, SMSF Association First published in The Sydney Morning Herald on 10 November 2020. Licensed by Copyright Agency. Eight out of 10 Self Managed Super Fund (SMSF) trustees believe the cost of running their own fund represents good value for money. An SMSF Association survey found that trustees responsible…
November 6, 2020
A common misconception and tips for SMSF trustees
Written by Name, Title, Company Whether you are thinking of setting up a self managed super fund (SMSF) and want to familiarise yourself with what is involved or you’re a long-term trustee that wants to ensure they are adhering to the various rules and regulations of SMSFs, running your own fund is a big responsibility.…
November 6, 2020
SMSF trustee guide to navigating way through pandemic
Opinion piece written by John Maroney, CEO, SMSF Association First published in The Financial Review on 6 November 2020. Licensed by Copyright Agency. With COVID-19 having moved the goal posts even more dramatically than the GFC, failure to keep up with the changes will be costly. The COVID-19 pandemic has affected everyone’s lives and SMSF…
October 29, 2020
Issue 16: The changing nature of Australian share indices
In our last instalment, we took a look at reporting season and asked how your SMSF portfolio survived? In that instalment, we looked at how there may be a two-tier reporting outcome for companies and sectors with some doing well and others not so well; introducing the concept of the ‘K’ shaped outcome. By now…
October 16, 2020
How a six-member SMSF could benefit you
Opinion piece written by John Maroney, CEO, SMSF Association First published in The Financial Review on 15 October 2020. Licensed by Copyright Agency. Small businesses and families with pooled assets could find extra flexibility as well as lower fees by taking advantage of the relaxation of the size limit. The federal government has introduced legislation…
October 15, 2020
What’s next for SMSFs, post the Federal Budget?
The 2020-21 Federal Budget is all about jobs, jobs and jobs. COVID-19 has resulted in the most severe global economic crisis since the Great Depression. This Budget provides an additional $98 billion of response and recovery support under the COVID-19 Response Package and the JobMaker Plan. With the budget focussed on supporting small business and…
October 6, 2020
The SMSF Association’s 2020-2021 Federal Budget Summary
The Economic Recovery Plan for Australia is all about jobs The 2020-21 Federal Budget is all about jobs, jobs and jobs. COVID-19 has resulted in the most severe global economic crisis since the Great Depression. This Budget provides an additional $98 billion of response and recovery support under the COVID-19 Response Package and the JobMaker Plan.…
September 30, 2020
Administering and ReportingInvestingMarkets, Industries and TrendsNewsPortfolio ConstructionSMSF Insights
Issue 15: How did your SMSF portfolio survive reporting season?
For income investors, a more important question may be; how does my future cash flow stack up now I know more following reporting season? Welcome to our third instalment this financial year and the first following a reporting season telling us a little more about how companies have fared during COVID-19 as they report their…
September 23, 2020
What can we expect from the 2020-21 Federal Budget?
The 2020-21 Federal Budget to be handed down on 6 October will be one of the most crucial in Australia’s history. The Budget will provide a further update on the economic and fiscal impacts of the coronavirus in Australia and is expected to set out the path to economic recovery. September 2020 The 2020-21 Federal…